RXL 3.70% 14.0¢ rox resources limited

Ann: Extensive lithium soil anomaly delineated at Youanmi, page-12

  1. 8,243 Posts.
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    you're right mongy the MRE is likely to be underwhelming despite the drilling plowed into it. partly because the previous md cooked the last MRE especially grace, partly because on the gram x metre basis the results were lacklustre imo. Paddy's was a duster, currans looks bony around small scale old workings.

    pivoting this late in the piece to lithium, which has completely dive bombed points towards inexperience and desperation on the md's part.

    money has dried up. RXL has no leverage to raise so expect a huge discount meanwhile the can will be kicked down the road again. its going to be tough keeping the lights on
 
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